09/16/2021
“SARS will make it hard and costly for any taxpayer who willfully and intentionally seeks to break the law as we expect every taxpayer to meet their obligations and pay their fair share of tax,”
09/15/2021
There are several tax considerations which need to be kept in mind by taxpayers where the business is in financial distress and is no longer able to operate, or once liquidation proceedings have commenced and compromises are entered into with creditors.
09/15/2021
It is welcoming to note that various stakeholders are currently engaging with National Treasury and SARS in this regard.
09/15/2021
This equates to 2,500 PPS clients in the last year alone – while an estimated 9,000 taxpayers in the R750,000+ tax bracket have left the country over the last two years.
09/10/2021
“Narrowing the scope of the current grant to only those seeking active employment, not making it eligible for existing grant recipients, could be one such compromise.”
09/03/2021
Olaka said the contribution was achieved despite the 21.2 percent reduction in corporation taxes paid by the sector in 2020 relative to 2019.
08/19/2021
Against this backdrop, the Middle Eastern economies are battling lower oil prices and budget deficits, which in turn increase the pressure for fiscal receipts.
08/13/2021
Solidarity further warned that borrowing money to fund this deficit should not be considered because the country already owes billions of rands and cannot afford more debt.
08/09/2021
Opening accounts in these banks is as easy as breathing in and out
08/04/2021
A company must submit its ITR14 tax return within 12 months of its financial year-end.
08/04/2021
It is ‘yet another move’ from the country’s revenue service to maximise income from prospective expats
07/29/2021
It guarantees legal certainty and a contractual framework, which will have a beneficial effect on the further development of bilateral economic relations.
07/28/2021
It replaces a 1997 treaty that Lesotho authorities have in recent years complained of as being unfair.
07/26/2021
The result has been that Zanzibar has not been able to attract any notable real estate development
07/12/2021
SARS, in February, set up the separate wealth unit to focus on individual taxpayers with wealth and complex financial arrangements
07/02/2021
All G20 countries, such as the US, UK China and France, did back the agreement.
07/01/2021
The FMF said that this figure would effectively be combined with funds from the private health sector to create an NHI fund which will make up 8.5% of the country’s GDP expenditure.
06/23/2021
The KRA has been processing between 80,000-100,000 filings daily, it reported Tuesday.
06/21/2021
6 things to look out for.
06/21/2021
While South Africa is not a member of the OECD, it does adhere to numerous OECD instruments – and the findings of this report have important implications for the country.